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Economic Quotes - Page 17

Essentially we need a new social consensus for economic reform as New Labour has achieved in Britain.

"Full text: Peter Mandelson's speech on a new consensus for Europe", www.theguardian.com. June 14, 2005.

Without speculation there can be no economic activity reaching beyond the immediate present.

Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.118, VM eBooks

The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.

Joseph Stiglitz (2015). “Freefall: Free Markets and the Sinking of the Global Economy”, p.24, Penguin UK

In economic life competition is never completely lacking, but hardly ever is it perfect.

Joseph A. Schumpeter (2010). “Capitalism, Socialism and Democracy”, p.312, Routledge